Stricken Beeston school sold for £1.35m
A Beeston private school was placed into administration after pupil numbers fell and its headteacher left for an alternative job, according to papers seen by TheBusinessDesk.com
The Beeston Educational Trust, which ran the Dagfa school in the town, called in administrators from FRP Advisory on 20 July after pupil numbers fell to 169 and were projected to drop even further in the academic year 16/17.
Some 33 people have been made redundant at the Dagfa school, however administrators have now sold the land and buildings to an unnamed buyer for £1.35m.
The Dagfa school entered administration owing £162,016, including £140,000 to its employees and £3,515 to Broxtowe Borough Council. Administrators have recovered a surplus of £244,675.